Adecco Healthcare Industry Insights- Series #02

Medical tourism is a key area of focus on the UAE’s agenda. This is reflected in the fact that medical tourism in the country increased 5.5 per cent year-on-year to reach Dh12.1 billion in 2018, with growth supported by government initiatives and the rising number of medical tourists, according to a new analysis by Dubai Chamber of Commerce and Industry. Currently, orthopedics, sports medicine, dermatology, dentistry and fertility treatment are among the top specialities for medical tourism in Dubai, and the emirate aims to attract 500,000 medical tourists by 2021.

A key element of both the cost control and growth is expected to come from the continuous push towards local pharmaceutical manufacturing. Expectedly, the medical technologies sector is likely to see the highest growth, thanks to increasing demand for new equipment from hospitals, along with digital health, which is witnessing rising adoption from health IT solutions providers and patients for virtual care solutions.

On the pharmaceutical production front, it is expected that the trend of localisation of pharma manufacturing will continue to accelerate. With only 20-30 per cent of products being manufactured domestically, the sector is attractive for local manufacturing.

Saudi Arabia and the UAE have undertaken several local manufacturing initiatives and are likely to continue to invest. Government policies for local manufacturing of branded generics, biosimilars’ for arthritis and cancer drugs are also supportive of this trend.

In the line with all this predictions and facts, Top hospital projects in the MENA region United Arab Emirates The United Arab Emirates (UAE) government is extensively expanding and upgrading its healthcare system to develop a robust world-class healthcare infrastructure. According to Business Monitor International, healthcare expenditure in the UAE reached US$ 17 billion in 2017 and is expected to rise to US$ 21.3 billion by 2021. Overall, healthcare spending is projected to account for 4.6% of a country’s GDP by 2026 from 4.2% in 2016. Meanwhile, given the increasing need for care, Alpen Capital projects that the requirement for beds in the country will reach 14,969 in 2022, representing a demand for 2,069 new beds. This demand is being mitigated by the 700 healthcare projects worth US$ 60.9 billion under various stages of development.

Adecco’s expert team of healthcare, pharma and medical devices supports multiple clients in Middle East on different projects such are Licensed GP Doctors, ICU specialist, Medical Directors, Registered Nurses, Pharmacist, Regulatory Affair Managers and Sales Manager role.

Let’s first understand the difference between headhunting the talent and recruiting the talent.

A headhunter’s responsibility is to ensure the candidate has the correct skill set for a position and they’re often hired to find prospects that possess a unique or hard-to-find skillset. Whereas

Recruiters are responsible for delivering/ filling positions. In order to fill the open positions within a company, recruiters pre-screen candidates and facilitate the interview process. They are often also the point of contact for candidates inquiring about a job position. While some recruiters may take a proactive role in seeking out candidates, much like a headhunter would.

This article is featured by Poonam Karkhanis, Adecco’s Healthcare Practice Head from Permanent Placement.

The data provided in this article is purely for information purpose and shouldn’t be used for any commercial purpose.

Source:

1. https://gulfnews.com/business/covid-19-counter-uae-works-to-minimise-job-losses-over-virus-1.70716016
2. https://www.ey.com/en_gl/ccb/health-mergers-acquisitions
3. https://www.khaleejtimes.com/business/economy/healthcare-workers-in-demand-in-uae
4. https://www.linkedin.com/pulse/7-tech-trends-set-transform-uaes-healthcare-sector-2020-amit-bassi/